Canada Goose (NYSE:GOOS) ranking reiterated by OTR Global

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Canada Goose (NYSE: GOOSGet a rating)The stock had its “negative” rating reiterated by analysts at OTR Global in a note released Friday to investors, Benzinga reports.

Several other stock analysts also weighed in on the company. Wells Fargo & Company reduced its price target on Canada Goose from CA$55.00 to CA$45.00 in a Tuesday, April 5 research note. CIBC lowered its price target on Canada Goose from CA$67.00 to CA$45.00 in a Friday, February 11 report. UBS Group downgraded Canada Goose from a “buy” rating to a “neutral” rating and lowered its target price for the stock from $59.00 to $35.00 in a Friday, Jan. 7 research note . TD Securities raised its price target on Canada Goose shares from C$46.00 to C$49.00 in a report released Thursday. Finally, Barclays lowered its target price on Canada Goose shares from $38.00 to $32.00 in a Friday, April 1 report. One research analyst has assigned the stock a sell rating, four have assigned a hold rating and seven have assigned the stock a buy rating. According to MarketBeat data, Canada Goose has a consensus buy rating and a consensus price target of $43.30.

Shares of GOOS traded at $0.44 during Friday trading hours, reaching $23.20. 37,849 shares of the stock have traded, compared to its average volume of 1,338,995. The company has a current ratio of 2.36, a quick ratio of 1.42 and a leverage ratio of 0.71 . Canada Goose has a 1-year minimum of $21.20 and a 1-year maximum of $53.64. The company has a market capitalization of $2.48 billion, a PE ratio of 29.64, a growth price-earnings ratio of 0.55 and a beta of 1.59. The company has a fifty-day moving average of $25.43 and a 200-day moving average of $33.81.

Canada Goose (NYSE: GOOSGet a rating) last reported results on Thursday, February 10. The company reported earnings per share of $1.13 for the quarter, beating the consensus estimate of $1.01 by $0.12. Canada Goose had a return on equity of 22.73% and a net margin of 9.74%. The company posted revenue of $586.10 million for the quarter, versus analyst estimates of $586.52 million. In the same quarter a year earlier, the company posted earnings per share of $0.78. The company’s quarterly revenue increased 23.6% year over year. As a group, equity research analysts expect Canada Goose to post earnings per share of 0.85 for the current fiscal year.

Institutional investors and hedge funds have recently changed their holdings in the company. Benjamin F. Edwards & Company Inc. increased its stake in Canada Goose shares by 15.8% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,408 shares of the company worth $89,000 after acquiring 329 additional shares in the last quarter. Retirement Planning Co of New England Inc. bought a new position in Canada Goose stock during Q4 for a value of approximately $95,000. ARK Investment Management LLC purchased a new position in Canada Goose stock during Q4 for a value of approximately $195,000. Invesco Ltd. bought a new position in Canada Goose stock during the 2nd quarter for a value of approximately $241,000. Finally, LPL Financial LLC purchased a new position in Canada Goose stock during Q4 worth approximately $212,000. 43.23% of the shares are held by institutional investors.

About the Canada Goose (Get a rating)

Canada Goose Holdings Inc designs, manufactures and sells luxury performance apparel for men, women, youth, children and babies in Canada, the United States, Asia, Europe and internationally. It operates through three segments: Direct-to-Consumer, Wholesale and Other. The company offers parkas, lightweight down jackets, rainwear, windproof clothing, knitwear, footwear and accessories for the fall, winter and spring seasons.

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